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The price of Lyft Inc (NASDAQ: LYFT) closed at $16.30 in the last session, down -0.43% from day before closing price of $16.37. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 9.28 million shares were traded. LYFT stock price reached its highest trading level at $16.48 during the session, while it also had its lowest trading level at $15.86.
Ratios:
We take a closer look at LYFT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 2.08 whereas as Long-Term Debt/Eq ratio is at 1.91.
On March 04, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $17 to $23.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 01 ’24 when Sverchek Kristin sold 10,200 shares for $19.28 per share. The transaction valued at 196,661 led to the insider holds 70,778 shares of the business.
Zimmer John Patrick sold 193,200 shares of LYFT for $3,872,404 on Mar 21 ’24. The Director now owns 932,544 shares after completing the transaction at $20.04 per share. On Mar 21 ’24, another insider, Zimmer John Patrick, who serves as the Director of the company, sold 36,000 shares for $20.04 each. As a result, the insider received 721,566 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYFT now has a Market Capitalization of 6544840704 and an Enterprise Value of 5959995904. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 12.03. Its current Enterprise Value per Revenue stands at 1.353 whereas that against EBITDA is -21.884.
Stock Price History:
The Beta on a monthly basis for LYFT is 2.04, which has changed by 0.5319549 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, LYFT has reached a high of $20.82, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is -8.08%, while the 200-Day Moving Average is calculated to be 23.01%.
Shares Statistics:
According to the various share statistics, LYFT traded on average about 18.05M shares per day over the past 3-months and 11481350 shares per day over the past 10 days. A total of 391.24M shares are outstanding, with a floating share count of 339.61M. Insiders hold about 15.06% of the company’s shares, while institutions hold 74.99% stake in the company. Shares short for LYFT as of 1713139200 were 54122472 with a Short Ratio of 3.00, compared to 1710460800 on 52744820. Therefore, it implies a Short% of Shares Outstanding of 54122472 and a Short% of Float of 16.139999.
Earnings Estimates
The stock of Lyft Inc (LYFT) is currently being evaluated by 16.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.88, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.13, with high estimates of $0.21 and low estimates of $0.07.
Analysts are recommending an EPS of between $1.08 and $0.31 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.84, with 20.0 analysts recommending between $1.45 and $0.55.
Revenue Estimates
According to 30 analysts, the current quarter’s revenue is expected to be $1.16B. It ranges from a high estimate of $1.23B to a low estimate of $940.1M. As of the current estimate, Lyft Inc’s year-ago sales were $981.42MFor the next quarter, 30 analysts are estimating revenue of $1.27B. There is a high estimate of $1.37B for the next quarter, whereas the lowest estimate is $1.02B.
A total of 37 analysts have provided revenue estimates for LYFT’s current fiscal year. The highest revenue estimate was $5.42B, while the lowest revenue estimate was $4.34B, resulting in an average revenue estimate of $5.14B. In the same quarter a year ago, actual revenue was $4.4BBased on 37 analysts’ estimates, the company’s revenue will be $5.76B in the next fiscal year. The high estimate is $6.25B and the low estimate is $4.54B.
